Arcadia Investment Management Corpmi Lowers stake in Costco Wholesale Corporation (COST)

Costco Wholesale Corporation (COST) : Arcadia Investment Management Corpmi reduced its stake in Costco Wholesale Corporation by 3.49% during the most recent quarter end. The investment management company now holds a total of 47,899 shares of Costco Wholesale Corporation which is valued at $8,023,561 after selling 1,730 shares in Costco Wholesale Corporation , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Costco Wholesale Corporation makes up approximately 2.54% of Arcadia Investment Management Corpmi’s portfolio.

Other Hedge Funds, Including , Patton Albertson Miller Group reduced its stake in COST by selling 268 shares or 6.35% in the most recent quarter. The Hedge Fund company now holds 3,955 shares of COST which is valued at $659,615. Costco Wholesale Corporation makes up approx 0.29% of Patton Albertson Miller Group’s portfolio.Salem Capital Management Inc reduced its stake in COST by selling 200 shares or 1.72% in the most recent quarter. The Hedge Fund company now holds 11,395 shares of COST which is valued at $1,900,458. Costco Wholesale Corporation makes up approx 1.07% of Salem Capital Management Inc’s portfolio.Dnb Asset Management As boosted its stake in COST in the latest quarter, The investment management firm added 4,400 additional shares and now holds a total of 44,653 shares of Costco Wholesale Corporation which is valued at $7,387,392. Costco Wholesale Corporation makes up approx 0.15% of Dnb Asset Management As’s portfolio.Laurel Wealth Advisors reduced its stake in COST by selling 709 shares or 22.06% in the most recent quarter. The Hedge Fund company now holds 2,505 shares of COST which is valued at $414,427. Costco Wholesale Corporation makes up approx 0.20% of Laurel Wealth Advisors’s portfolio.

Costco Wholesale Corporation opened for trading at $166.56 and hit $167.86 on the upside on Monday, eventually ending the session at $167.51, with a gain of 0.66% or 1.1 points. The heightened volatility saw the trading volume jump to 19,93,806 shares. Company has a market cap of $73,380 M.

On the company’s financial health, Costco Wholesale Corporation reported $1.09 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Dec 8, 2015. Analyst had a consensus of $1.17. The company had revenue of $27200.00 million for the quarter, compared to analysts expectations of $27729.79 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Many Wall Street Analysts have commented on Costco Wholesale Corporation. Company shares were Upgraded by Goldman on Jun 1, 2016 to ” Buy”, Firm has raised the Price Target to $ 175 from a previous price target of $169 .Company shares were Reiterated by RBC Capital Mkts on May 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 173 from a previous price target of $169 .RBC Capital Mkts Initiated Costco Wholesale Corporation on May 3, 2016 to “Outperform”, Price Target of the shares are set at $169.

Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico Canada United Kingdom (U.K.) Mexico Japan Australia Spain and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144000 square feet. The Company’s warehouses generally operate on a seven-day 69-hour week. The Company’s product categories include Food Sundries Hardlines Fresh Food Softlines Ancillary and Other. The Company’s online business provides products which include services such as photo processing pharmacy travel business delivery and membership services.

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